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The NIFTY 50 is the flagship index on the National Stock Exchange of India Ltd. (NSE). It was launched on April 21, 1996 and is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. The NIFTY 50 covers major sectors of the Indian economy and offers investment managers exposure to the Indian market in one efficient portfolio. It is well suited for benchmarking, index funds and index-based derivatives.

It includes 50 of the approximately 1,600 companies listed on the NSE, captures nearly 65% of its float-adjusted market capitalization and perfectly reflects the Indian stock market.